The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-08-02
liner Ia appearance. than the black rascaia
o. the Pacific coaat. They look more like
lndiana-1 mean BY that, they resemble
more the picture Of Massasolt, Pontiac and
b!ack HAWK. 4 n d N H. N.
MIR. nuLINGs EMDAnlsAssED. \

MR.HULINGs EMBARRASSED. Va
lils wonds,fui Success 10 ihs OIL Regions
and His Financial Decline.
l'Nas York Tribune, * y " slli3
s Marcus Rulings, the oil operator, Ia en-
barrasaed. and the Sheriff Of venangt
county adveitiues for sale among othel
property the Rulings homestead at En-
lenton. Mt Huiings went rapidly up thu
flight to fortune, and the story OF his Life
is interesting. Twas In 1870 that be wen
into Mexican county, and secured an iuh.
rest In the CLARK & Babcock tract Of land
a. little oil had been found In Mexican
county, orswhat is better known as the
Bradford field, but oil men acoded ct the
idea. Of finding 1t paying quantities. The
sand was black, and black aaud was use-
leas as was then believed. Mr.. Hulinps
bought 5000 acres Of the Clark & Babcock
tract, agreeing to pay sc, 900, So, 900 Of the
amount In cash, the balance In easy pay.
mente. At that time Hulings wab ready
Tor q hard days work, but had little ready
money. Clark 4 Babcock knew him to be
man OF push and enorgy and had faith
In bis ability to handle the 5000 acrea,
He had tho land only short time when
q good well was opened up not far from
him. He had borrowed S. 900 to make
tho frat payment. The land made the
rest OF the payments many times over. 1t
Jay In che very centre OF the rich Mexican
County basin and every foot Of It was val
liable. He received large royalties and
bonuses, aud In few mouths was the
wea!thtest operator In, the oil country.
1t has never been known how much
money Mr. Rulings made out Of bis lands,
but the amount ran into millions. He
had natural taste for mining, and the great
bouanza fortunes OF the West attracted
fitm. He went into gold and silver mines
with a boldness that staggered his friends.
DC made several trips into Arizona, Ne.
yada and New Mexico, and made many
heavy investments In minea. He bought
the iamoua Tough Nut" mine in Arizo.
ma, and at one time 1t promised to be an.
other Comstock. Mr.. Hulipgs bought the
stock at a low figure, but 1t Is eupposed
to have aggregated somewhere about
$3.50, 900. - 1,lS '.t7,1g yy7G'
The bottom fell out OF the slough
Nut" in time. Mt. Huliugs held on with
commendable pluck aud probably lost
nearly everything he put into 1t. This
WAS tho beginning OF bis reyerses.
He purchased and improved large
farm In Crawford county, near Meadvilie,
which is to-day the wonder OF tho country
around. He built y handsome addition
to Allegheny College, called Rulings Hall,
which he did not finish. After spending
a large amount Of money on this fine
building Mr.. Rulings asked the trustees
OF the college to take 1t of his hands and
relieve him. He began to see the me-
ceesity of tightening hia purse stringa.. He
Is a firm believer IN epiritualism, and
some attribute his reversea to this fantasy,
but this is not likely. He is q man Of
broad and liberal ideas and an excellent
citizen. He still has q large amount OF
property and is simply ''lard poor" e sas
Mr.. Huliugs will no doubt yet come out
on top Of the heap" He lives in fine
residence which no built at OIL City, and
has wife and large family. Colonel W.
T. Hulings, formerly q member Of the
Legislature, and now Colonel of the Six
teenth Regiment, National Guard Penn
sylvania, Is the oldest son. s5s 49, :.
q. The SHERIFF. Gale was adjourned from
July. ! until August %. by which time, it
is believed, Mr.. Rulings will have ar.
ranged to settle matters. - 5se